Course Details
Course Details

Course Details

Richard Bland College

BUS201: Principles of Accounting I

The course presents accounting principles and their application to service and merchandising businesses. The accounting cycle, income determination, and financial reporting are stressed. 

Overview
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Delivery Method
Online
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Delivery Method
Campus
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Delivery Method
Hybrid
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Credits
3.0
Estimate
Department
Social and Behavioral Sciences
Course Notes
Three hours lecture; three credits. 
Learning Outcomes
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  • Explain the basic accounting equation.
  • Define assets","liabilities","and equity.
  • Communicate effectively using basic accounting terminology.
  • Properly record fundamental accounting transactions.
  • Demonstrate understanding of basic GAAP.
  • Recognize the benefits of accrual accounting and how it differs from cash accounting.
  • Define the concept of depreciation and how it is used in accounting.


Dual Enrollment
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Type
Transfer
Offered
High School
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Offered
College Campus
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Offered
Online
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Offered
Hybrid
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Starting Academic Year
2022
Where Will This Course Transfer?
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Institution Identifier Name Notes Level
Central Virginia Community CollegeACC211Principles of Accounting I2-Year
Eastern Shore Community CollegeACC211Principles of Accounting I2-Year
J Sargeant Reynolds Community CollegeACC211Principles of Accounting I2-Year
Paul D. Camp Community CollegeACC211Principles of Accounting I2-Year
Southwest Virginia Community College ACC211Principles of Accounting I2-Year
Tidewater Community CollegeACC211Principles of Accounting I2-Year
Virginia Highlands Community CollegeACC211Principles of Accounting I2-Year
Longwood University ACCT240Principles of Accounting I4-Year
Radford UniversityACTG211Fund of Financial Accounting4-Year
The University of Virginia's College at WiseACC2010PRINCIPLES OF ACCOUNTING I4-Year
Norfolk State UniversityACC201Principles of Financial Accounting4-Year
William & MaryBUAD203Principles of Accounting4-Year
William & MaryBUAD2XXTransfer Elective CourseActual transfer credit may vary based on credit earned at host institution.4-Year
Old Dominion UniversityACCT201PRIN OF FINANCIAL ACCOUNTING4-Year
University of Mary WashingtonACCT101Principles of Accounting I4-Year
Marymount UniversityACT201Principles of Accounting I4-Year
Virginia Commonwealth UniversityACCT203INTRODUCTION TO ACCOUNTING I4-Year